First Microfinance Laghubitta announces book closure for dividend; Upcoming AGM to elect three board members from the public investors

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced the book closure date for the dividend and upcoming AGM.

The 168th BOD meeting of First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has decided that the company will be distributing 9.50% bonus shares worth Rs.7.60 Crore and 4.18% cash dividend worth Rs.3.35 Crore (including tax) out of the profits of FY 76/77 for the shareholders of the company.

The dividend is now already approved by Nepal Rastra Bank. Thus, issuing a new notice, the company has declared the book closure on Mangsir 05. Thus, investors maintained before that date are entitled to the dividend payout and can attend the upcoming AGM.

The 11th AGM of the company will be held in Amrapali Banquet, Kathmandu on Mangsr 18, starting from 11 am. Due to the ongoing pandemic, only a limited number of investors can attend the AGM physically while the rest will have to attend it virtually.

Among other proposals, the AGM will endorse the dividend proposed for the fiscal year 2076/77. Furthermore, the AGM will elect three directors representing the public investors for the board.